Lane Brothers & Co. Inc. Acquires Shares of 70,763 iShares U.S. Infrastructure ETF $IFRA

Lane Brothers & Co. Inc. bought a new stake in iShares U.S. Infrastructure ETF (BATS:IFRA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 70,763 shares of the company’s stock, valued at approximately $3,724,000. iShares U.S. Infrastructure ETF accounts for 2.7% of Lane Brothers & Co. Inc.’s investment portfolio, making the stock its 9th biggest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC acquired a new position in shares of iShares U.S. Infrastructure ETF during the 4th quarter worth about $26,000. Bayban acquired a new stake in iShares U.S. Infrastructure ETF in the 4th quarter worth about $27,000. Aventura Private Wealth LLC acquired a new stake in iShares U.S. Infrastructure ETF in the 4th quarter worth about $28,000. High Point Wealth Management LLC acquired a new stake in iShares U.S. Infrastructure ETF in the 4th quarter worth about $28,000. Finally, Smartleaf Asset Management LLC purchased a new stake in iShares U.S. Infrastructure ETF during the 4th quarter worth approximately $28,000.

iShares U.S. Infrastructure ETF Stock Performance

BATS:IFRA opened at $61.99 on Friday. The stock has a 50 day moving average of $60.97 and a two-hundred day moving average of $58.00. iShares U.S. Infrastructure ETF has a 12 month low of $47.60 and a 12 month high of $63.24. The firm has a market cap of $3.34 billion, a P/E ratio of 19.30 and a beta of 0.98.

iShares U.S. Infrastructure ETF Company Profile

The iShares U.S. Infrastructure ETF (IFRA) is an exchange-traded fund that is based on the NYSE FactSet U.S. Infrastructure index. The fund tracks an index of US-listed infrastructure companies that derive a significant portion of their revenue from within the US. IFRA was launched on Apr 3, 2018 and is managed by BlackRock.